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Offer at a glance
- Maximum bonus amount: $700
- Availability: Targeted, available to select customers with an existing account package
- Deposit required: $25,000-$250,000
- Deposit Length: March 31st, 2020
- Soft pull: Yes
- Monthly fees: None
- Early account termination fee: None
- Household limit: None
- Expiration date: January 6th, 2020
The Offer
- Existing targeted citi customers can enroll and earn a cash bonus of $200 – $1,500. Deposits must be made into the account by January 6th and then maintained until March 31st, 2020 to receive the bonus. Deposit & bonuses are as follows:
- $25,000-$49,000: $200 bonus
- $50,000-$99,999: $400 bonus
- $100,000-$249,000: $750 bonus
- >$250,000: $1,500 bonus
The Fine Print
- Eligible Customers” are (1) Existing Citi Retail Bank Customers (2) who received a direct communication from Citi inviting them to participate in the “$200-$1,500 Savings Offer” (3) are first signers on an existing consumer Citibank checking account in the Citibank Account Package, the Citi Priority Account Package or The Citigold Account Package (“Eligible Checking Account”), (4) owners of a new or existing Citi Savings Account or existing Citibank Savings Plus Account in the same banking package as the Eligible Checking Account (“Eligible Savings Account”), and (5) have a residential address associated with their account in New York, Connecticut, Maryland, Virginia, District Of Columbia, California, Nevada, Illinois, New Jersey, or select markets in Florida.
Our Verdict
This account earns a maximum of 0.12% APY, so you’ll want to fund as close as you can to January 6th. I think best case scenario the funds will need to be invested for roughly 90 days. The best return is the $200 bonus and that works out to be roughly 3.28% APY so not that much better than a standard high yield interest rate. Because of that I wouldn’t recommend this bonus for most people.
Hat tip to reader Veronica O & Chris L
I received this target offer yesterday.
But I already downgrade my Citibank Account Package to basic checking account, may I still qualify for this offer?
Thanks.
Looks like yes as long as you open or top up a savings account.
Did you have the savings account open as well?
Yes, I opened a Citibank checking and saving account this June for the $500 bonus, within the Citibank Account Package. The bonus posted recently, so I downgrade them to basic checking account package.
I did recent the target offer one day after the downgrade.
May I still qualify for this offer?
Thanks.
If you are thinking on applying any checking promotion with citi, think it twice. You will need to have scree shots, save urls and have a lot of patient to get the bonus. Based on my experience it took me almost 6 months to get the bonus after open the account and 5 months after I meet the requirements. And they approve it after call them like 10 times for around 30 minutea each call. So you must be aware that it can be a painful process.
Both $400 and $200 bonuses work out to be roughly 3.28% APY (When you include 0.12%).
“Grow your savings” with 0.12%
Idiots.
Where is the “Targeted”, pls?
Not Texas.
unloyal…. hard pass